SPDR® Bloomberg
High Yield Bond ETF

JNK

Key Features

Total Return (As of 06/30/2024)•• The SPDR® Bloomberg High Yield Bond ETF seeks to provide
investment results that, before fees and expenses, correspondgenerally to the price and yield performance of the Bloomberg
High Yield Very Liquid Index (the "Index")•• Seeks to provide a diversified exposure to US dollardenominated high yield corporate bonds with aboveaverage liquidity•• A more cost efficient way to implement a high yield exposure
than via individual bonds•• Rebalanced on the last business day of the month
About This Benchmark
The Bloomberg High Yield Very Liquid Index is designed
to measure the performance of publicly issued U.S. dollar
denominated high yield corporate bonds with above-averageliquidity. High yield securities are generally rated below investment
grade and are commonly referred to as "junk bonds." The Index
includes publicly issued U.S. dollar denominated, non-investment
grade, fixed-rate, taxable corporate bonds that have a remaining
maturity of at least one year, but not more than fifteen years,
regardless of optionality; are rated high-yield (Ba1/BB+/BB+ orbelow) using the middle rating of Moody's Investors Service, Inc.,
Fitch Ratings Inc., or S&P Global Ratings, respectively; and have$500 million or more of outstanding face value.

Fact Sheet
Fixed Income
As of 06/30/2024

NAV(%)

Market Value(%)

Index(%)

QTD

1.02

0.78

1.15

YTD

2.19

2.30

2.43

1 Year

9.97

9.54

10.49

3 Year

0.83

0.74

1.37

5 Year

2.80

2.72

3.40

10 Year

2.94

2.90

3.84

Cumulative

Annualized

Gross Expense Ratio (%)

0.4030 Day SEC Yield (%)

7.50

Past performance is not a reliable indicator of future performance.
Investment return and principal value will fluctuate, so you may have again or loss when shares are sold. Current performance may be higher
or lower than that quoted. All results are historical and assume thereinvestment of dividends and capital gains. Visit ssga.com for mostrecent month-end performance. Performance is shown net of fees.
Performance of an index is not illustrative of any particular investment. It
is not possible to invest directly in an index. Index returns are unmanaged
and do not reflect the deduction of any fees or expenses. Index returns
reflect all items of income, gain and loss and the reinvestment of dividends
and other income as applicable.
Prior to 10/31/2021, the SPDR Bloomberg High Yield Bond ETF was known as theSPDR Bloomberg Barclays High Yield Bond ETF.
Prior to 8/24/2021, the Bloomberg High Yield Very Liquid Index was known as
the Bloomberg Barclays High Yield Very Liquid Index.
Characteristics

Fund Information
Inception Date

11/28/2007

CUSIP

78468R622

Average Yield To Worst

7.89%

Number of Holdings

1,215

Option Adjusted Duration

3.25

Option Adjusted Spread

310.0

Not FDIC Insured. No Bank Guarantee. May Lose Value.

1Top Sectors

Weight (%)

Quality Breakdown

Weight (%)

Corporate - Consumer Cyclical

19.22

BBB or Higher-0.36

CORPORATE - COMMUNICATIONS

14.40

BB

49.51

Corporate - Consumer Non-Cyclical

12.14

B

39.35

CORPORATE - ENERGY

12.09

CCC or Lower

11.47

Corporate - Capital Goods

11.16

Not Rated

0.03

Corporate - Technology

8.08

Totals may not equal 100 due to rounding.

Corporate - Basic Industry

4.85

Corporate - Finance Companies

4.35

Maturity Ladder

Corporate - Insurance

3.27

0 - 1 Year-0.27

Corporate - Transportation

3.18

1 - 2 Years

4.22

Corporate - Electric

2.32

2 - 3 Years

8.04

Corporate - REITS

1.94

3 - 5 Years

41.74

Corporate - Brokerage Assetmanagers Exchanges

1.16

5 - 7 Years

33.02

Corporate - Other Financial

1.14

7 - 10 Years

13.11

Corporate - Industrial Other

0.73

10 - 15 Years

0.13

Corporate - Banking

0.44

ssga.com
Information Classification: GeneralState Street Global Advisors
One Iron Street, Boston MA 02210
T: +1 866 787 2257
Glossary
NAV The market value of a mutual fund’s orETFs total assets, minus liabilities, divided bythe number of shares outstanding.
Market Value Determined by the midpoint
between the bid/offer prices as of the closing
time of the New York Stock Exchange (typically4:00PM EST) on business days.
Gross Expense Ratio The fund’s total
annual operating expense ratio. It is gross ofany fee waivers or expense reimbursements.
It can be found in the fund’s most recentprospectus.
30 Day SEC Yield (Also known asStandardized Yield) An annualized yield thatis calculated by dividing the net investment
income earned by the fund over the mostrecent 30-day period by the current maximum
offering price.
Index Average Yield to Worst The lowest
potential yield that can be received on abond without the issuer actually defaulting.
The YTW is calculated by making worstcase scenario assumptions on the issue by
calculating the return that would be received
if the issuer uses provisions, including
prepayments. When aggregating YTW for a
portfolio level statistic, the weighted averageof the YTW and market value for eachsecurity is used.
Option Adjusted Duration An optionadjusted measure of a bond’s (or portfolio’s)
sensitivity to changes in interest rates
calculated as the average percentage change
in a bond’s value (price plus accrued interest)
under shifts of the Treasury curve +/- 100bps. Incorporates the effect of embedded
options for corporate bonds and changes in
prepayments for mortgage-backed securities.
Option Adjusted Spread A measurement ofa fixed-income security rate and the risk-freerate of return, which is then adjusted to take

into account an embedded option.
Quality Breakdown Bloomberg uses the“middle rating” of Moody’s, S&P, and Fitch todetermine a security’s index classification. If
only two of the agencies rate a security, thenthe most conservative (lowest) rating will beused. If only one rating agency rates a security,that one rating will be used. Where there are
no security level ratings, an issuer rating may
be used to determine index classification.
Bloomberg Index breakdowns are grouped intolarger categories. For example, AAA+ and AAA
are listed as Aaa; AA1, AA2, and AA3 are listed
as Aa, etc.
Important Risk Information
Weights are as of the date indicated, aresubject to change, and should not be relied
upon as current thereafter.
Investing involves risk including the risk of lossof principal.
The information provided does not constituteinvestment advice and it should not be reliedon as such. It should not be considered asolicitation to buy or an offer to sell a security.
It does not take into account any investor's
particular investment objectives, strategies,
tax status or investment horizon. You should
consult your tax and financial advisor.
The whole or any part of this work may not bereproduced, copied or transmitted or any of
its contents disclosed to third parties without
SSGA’s express written consent.
This communication is not intended to be an
investment recommendation or investment
advice and should not be relied upon as such.
The Fund's investments are subject tochanges in general economic conditions,general market fluctuations and the risks
inherent in investment in securities markets.
Investment markets can be volatile and prices
of investments can change substantially due
to various factors including, but not limited
to, economic growth or recession, changes
in interest rates, changes in the actual orperceived creditworthiness of issuers, andgeneral market liquidity. The Fund is subject
to the risk that geopolitical events will disrupt
securities markets and adversely affect global
economies and markets. Local, regional or
global events such as war, acts of terrorism,

the spread of infectious illness or otherpublic health issues, or other events could
have a significant impact on the Fund and its
investments.
Investing in high yield fixed income
securities, otherwise known as “junk bonds”,
is considered speculative and involves greaterrisk of loss of principal and interest thaninvesting in investment grade fixed income
securities. These Lower-quality debt securities
involve greater risk of default or price changes
due to potential changes in the credit qualityof the issuer.
Bonds generally present less short-term risk
and volatility than stocks, but contain interest
rate risk (as interest rates rise, bond prices
usually fall); issuer default risk; issuer credit
risk; liquidity risk; and inflation risk. Theseeffects are usually pronounced for longer-termsecurities. Any fixed income security sold orredeemed prior to maturity may be subject toa substantial gain or loss.
The Fund is classified as “diversified” underthe Investment Company Act of 1940, asamended (the “1940 Act”); however, the Fund
may become “non-diversified,” as defined
under the 1940 Act, solely as a result oftracking the Index (e.g., changes in weightingsof one or more component securities). When
the Fund is non-diversified, it may invest a
relatively high percentage of its assets in alimited number of issuers.
Passively managed funds invest by
sampling the index, holding a range ofsecurities that, in the aggregate, approximates
the full Index in terms of key risk factors andother characteristics. This may cause thefund to experience tracking errors relative toperformance of the index.
While the shares of ETFs are tradable onsecondary markets, they may not readily
trade in all market conditions and may
trade at significant discounts in periods ofmarket stress.
ETFs trade like stocks, are subject toinvestment risk, fluctuate in market value andmay trade at prices above or below the ETFs
net asset value. Brokerage commissions andETF expenses will reduce returns.
Intellectual Property Information: TheS&P 500® Index is a product of S&P Dow Jones
Indices LLC or its affiliates (“S&P DJI”) andhave been licensed for use by State Street

2

Weight (%)

Global Advisors. S&P®, SPDR®, S&P 500®,US
500 and the 500 are trademarks of Standard& Poor’s Financial Services LLC (“S&P”); Dow
Jones® is a registered trademark of Dow Jones
Trademark Holdings LLC (“Dow Jones”) andhas been licensed for use by S&P Dow Jones
Indices; and these trademarks have been
licensed for use by S&P DJI and sublicensed
for certain purposes by State Street Global
Advisors. The fund is not sponsored, endorsed,
sold or promoted by S&P DJI, Dow Jones, S&P,
their respective affiliates, and none of suchparties make any representation regarding
the advisability of investing in such product(s)nor do they have any liability for any errors,omissions, or interruptions of these indices.
"Bloomberg ®" and Bloomberg High Yield Very
Liquid Index are service marks of Bloomberg
Finance L.P. and its affiliates, including
Bloomberg Index Services Limited ("BISL"),the administrator of the index (collectively,"Bloomberg") and have been licensed for use
for certain purposes by State Street Global
Advisors. Bloomberg is not affiliated with State
Street Global Advisors, and Bloomberg does
not approve, endorse, review, or recommend
SPDR Bloomberg High Yield Bond ETF.
Bloomberg does not guarantee the timeliness,accurateness, or completeness of any data orinformation relating to SPDR Bloomberg High
Yield Bond ETF.
Distributor State Street Global Advisors
Funds Distributors, LLC, member FINRA, SIPC,
an indirect wholly owned subsidiary of State
Street Corporation. References to State Street
may include State Street Corporation and its
affiliates. Certain State Street affiliates provide
services and receive fees from the SPDR ETFs.

Before investing, consider thefunds’ investment objectives, risks,charges and expenses. To obtain aprospectus or summary prospectus
which contains this and otherinformation, call 1-866-787-2257 orvisit ssga.com. Read it carefully.
2024 State Street Corporation.
All Rights Reserved.
Tracking Number: 5909381.1.6.AM.RTL
Expiration Date: 10/31/2024
ETF-JNK 20240715/10:44©